CENTENNIAL, Colo. - Two billion dollar-plus credit unions - Bellco CU and Bethpage FCU - are teaming up to form a new technology CUSO that will focus on products and support surrounding data processor Open Solutions' core system. Bellco is already on the OSI system, and Bethpage converted to OSI from AFTECH last weekend. The name of the new CUSO is Open Technology Solutions, LLC. It already has a staff of approximately 25, a mix of Bellco employees and new hires from the outside. Mike Atkins, Bellco's former CIO, is heading up the new CUSO as CEO. The CUSO is open to adding more credit unions, yet not too many. "We're only interested in doing this with a limited number of like-minded credit unions," said Bethpage FCU President/CEO Kirk Kordeleski. He said they would likely have to be in the billion-dollar range to take advantage of the types of things the CUSO will be working on.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.